The Business Times, 7 March 2000

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 42
1 42 The Business Times
  • 19 1 THE BUSINESS TIMES MITA(P) 035/12/1999 85i sINQA P o R E Internet: http://business-times.asia 1 .com.sg/ TUESDAY, MARCH 7, 2000
    19 words
  • 61 1 Dsn 2411J7 (+2.94) BT-SB2 mn (-1.70) flsnsanmßEs U 27&30 (-0.20) OTOOTMAUET INDICES Monday Cbaage KLSEOOMP J46.49 -m Ninon it?** nut BAN0SBW 17.7S8.7t +47SJ3 SET INDEX *7M7 JAKAITA COUP Ml. 71 +18.U MANILA OOMP _U»* HIM TAffHWPI MC7J1 _-iM.06 SEOUL OOMP 1 4J0 CLSACHINAB 7H.11 -lt» AUSTALLORD 41 Umh
    61 words
  • 74 1 FOBEX BATES U8t SI U8i 1.728 £(U84/8Jper£) Li81 1738 EUR0(U8S/SJ/E)— AMI |JH DM 1098 ***** YEN 107J 1JQS RM -1800 0.444 ma 7.781 us BABT -18.14 0MS KUPIAH 7,446 0.03S •mm mown* PUKB KATES SINGAPORE* &M KUALA LUMPUR 7J7 JAKARTA J960 BANGKOK 9M MANILA 1100 BONG KONG 8M TAIPEI
    74 words
  • 1873 1  -  Glob investors have to send bank draft, together with acceptance forms, by March 31 if they accept Effective's proposal By Ven Sreenivasan [SINGAPORE] Holders of frozen Malaysian Clob shares saw red yesterday on learning that they will have to pay upfront the 1.5
    1,873 words
  • 883 1  -  From Andrew Marks in New York FOR those who thought e-commerce and the Internet was the only big thing on Nasdaq, here's a surprise: biotech is back. US investors are once again flocking to this volatile sector, driven this time by the promise of companies
    Source: Bloomberg ST  -  883 words
  • 932 1  -  Main negative factor is record provisions for Thai Dana By Siow Li Sen [SINGAPORE] DBS Group Holdings yesterday said its net profit in 1999 surged more than nine times to $1.07 billion. The profit growth came from higher net interest income, as well
    ARTHUR LEE  -  932 words
  • Page 1 Advertisements
    • 120 1 Dura BT Comment Lee Han Shfh on why it doesn't pay to securttise property. Pg 11 Top Storlos Red-hot demand for new China internet plays saw Legend Holdings and Tom.com hit record highs yesterday. Next Pmgm i ■•<->_ Great Eastern Holdings' profits surged to a record $221 million last year.
      120 words
    • 67 1 BIAS statement, Pg 5; Mailbag, Pg 12 Clob investors Which of the two options do you prefer? Tell us by taking our online poll at http://busirMss-tlrvMs.asia 1 .com.sg Greenspan on Technology and the Economy US Fed chairman Alan Greenspan spoke overnight on "Technology and the New Economy" at a Boston
      67 words
    • 49 1 t ;yi 11 I I •sit' a s VI TP Vit WH 1 IB i K f&* \j <&a...-^^^^^H ?^*»4 Jl^^H I IB W^T^ .< °^^B|p^r.ii. :K^HH^H^H HFMffiMMImO Ijli ,j|, IHfIK m fc ■Mir i v A 111) I?tyfc/Y i*T| jjjj 0 rt por <j v "i. i j) rir
      49 words
    • 9 1 DBS goes for heavy Thai Danu provisioning, Pg 4
      9 words

  • NEXT page
    • 820 2  -  They take their cue from Asia Info and UTStar's strong debuts last Friday From Meera Tharmaratnam in Hongkong RED-HOT demand for new China Internet plays saw Legend Holdings and Tom.com hit record intra-day highs on the Hongkong bourse yesterday, riding the boom
      REUTERS  -  820 words
    • 93 2 In the Feb 22,2000 issue of The Business Times, at page 2 in the continuation of an article entitled "DBS unloads controlling stake in DBS Land", it was reported, inter alia, that it was the view of some market watchers that DBS Land Ltd had been "dangling a poison
      93 words
    • 482 2  -  Next stage of reforms is Sept listing of new HKEx From Quak Hiang Whai in Hongkong HONGKONG entered a new era of securities and futures trading yesterday when the Hongkong Exchanges and Clearing Limited was formally established, bringing the clearing house and
      482 words
    • ON THE grapevine
      • 85 2 Please we're bankers, not streakers DBS Bank senior executives were most properly suited up in sunny Singapore at yesterday's press conference which was held to release its 1999 results. It was almost as if they wanted to distance themselves from Richard Branson's dash in the buff in the chilly English
        85 words
      • 80 2 BEING interviewed by BT does not have just news value, especially when our photographer does a great job. Steve Ng, managing director of ABN-Amro Futures Singapore, said while he has to deal with customers who are now asking for discounts after he was reported
        80 words
      • 83 2 HOW'S this for Japanese hospitality? When US President Bill Clinton visits Japan in July, a Japanese developer hopes to greet him with a replica of his childhood home back in Hope, Arkansas. Apparently, Takeharu Shiraishi has been sending people on long trips to Mr
        83 words
      • 80 2 HERE'S hard evidence to show the next hottest market is biotech. The world's largest IT company, IBM Corp, is testing software that can screen patients to help determine the treatments and drugs required. The software analyses which proteins a cell's genes are making and displays
        80 words
  • Page 2 Advertisements
    • 269 2 ujisrrv The Hull MBA OF HULL MBA (General) 28th Intake "Ranked Among Starting in Singapore April 2000 '"sesston 0 MBA (Investment Finance) 10th Intake v /e< 7 oo'pm 200 Universities, 1999" Starting in Singapore May 2000 I*^ UNIVERSITY OF SOUTH AUSTRALIA "Ranked Among Australia's Best Universities" P||Q%r |y|gA Doctor of
      269 words

  • Page 3 Advertisements
    • 450 3 Meet Optimix Invest with Confidence. A new venture between OUB, one of Singapore's biggest and most innovative Because you know that every fund in your Optimix Portfolio is being watched over banking groups. And ING, one of the world's leading financial institutions, with over by a team expert Fund Managers
      450 words

  • SINGAPORE companies
    • 633 4  -  Results boosted by 17% increase in premium income to $2.6b last year By Soh Tiang Keng UNVEILING its first results as a restructured company, Great Eastern Holdings, boosted by the surge in investments and life insurance business, has reported a three-fold jump in
      633 words
    • 513 4  -  Move aimed at insulating DBS shareholders: Olds Reports by Catherine Ong DBS Group Holdings (DBSH) signalled yesterday that nonperforming loans (NPLs) of its troubled subsidiary in Thailand have peaked and aggressive provisioning last year should insulate DBS shareholders from the vagaries of the
      513 words
    • 520 4 THE government's substantial shareholding in Singapore Telecommunications Ltd was not the main factor behind SingTel's failure in the US$3B billion (5565.5 billion) takeover battle for Cable Wireless (HKT), said the head of Temasek Holdings. "No, I don't think that was the
      ARTHUR LEE  -  520 words
    • 663 4  -  r sivanithy LAST week, the Singapore Exchange released its latest listing rules and guidelines for initial public offers (IPOs). There was nothing earth-shattering as most of the changes had been hinted at earlier. But a quick reading of the entire listing procedure brings
      663 words
    • 406 7  -  China-Taiwan tension won't affect it, says MD By Ling Su Ann ASA Ceramic Ltd yesterday announced a higher 1999 profit, a bonus issue and also gave its assurance it was unlikely to be affected by the current heightened tensions between China and Taiwan.
      406 words
    • 137 7 KYOSHA Holdings yesterday said its mainboard offering has been subscribed 64.2 times. When the public offer of 9.2 million shares closed yesterday, there were 26,699 applications for 590.7 million shares. A placement tranche of 36.8 million shares was fully taken up. The 46 million shares
      137 words
    • COMPANY Briefs
      • 61 7 PENTEX-SCHWEIZER Circuits has received in-prihciple approval to split each of its ordinary shares of 50 cents into five shares of 10 cents par value each. The move will increase the company's free float of shares for trading and also its shareholder base. The share split
        61 words
      • 75 7 MOBILE phone operator Mobile One (Asia) has tied up with Phillip Securities to offer Wireless Application Protocol-based (WAP) financial services. Poems Mobile Trading Service—a stock e-trading system owned by Phillip and now available to customers of Ml and Phillip Securities, will be converted into a
        75 words
      • 70 7 UAN Beng Construction has bought Derbyshire Court for $13 million, which works out to a land cost of $386 per sq ft The group will send a circular detailing its proposed diversification into real estate investment and the development of its acquired properties and to
        70 words
      • 50 7 L&M GROUP Investments' refinancing package from Overseas Union Bank has been drawn down yesterday to repay its outstanding loans from its existing creditor banks. With this repayment, the services of the Special Accountant, Ernst Young, are no longer required and L&M has ended the appointment.
        50 words
      • 68 7 HAI Sun Hup Group has signed a deal to buy from GIO Personal Investment Services 159 Kent Street in Sydney for A 516.65 million (Ssl7 million). The property is a 12-level office building located near the group's Stamford on Kent and Stamford Plaza Sydney
        68 words
    • 316 7  -  Move follows sale of company's PCB business for op to USsl9lm By Andrea Tan THE Singapore Exchange yesterday asked Wong's Circuits if it plans to keep its listing on the exchange following the sale of its printed circuit board business.
      316 words
    • 153 7 Reuters [MANILA] Property firm Pryce Corp said yesterday it would seek the listing of its gas subsidiary on the Singapore Stock Exchange. Pryce said in a statement to the Philippine Stock Exchange that it had received a proposal from overseas investment bankers to
      Reuters  -  153 words
    • 443 8  -  Fond will invest in all sectors that benefit from e-commerce growth By Ling Su Ann WITH the technology frenzy in full swing, OUB Optimix is the latest institution scrambling to offer investors overseas exposure to tech stocks with the launch of Optimix
      PHOTOS: SIEW YAW HOONG  -  443 words
    • 197 8 Reuters SINGAPORE'S interest rates are expected to firm in the second half of the year in the wake of rising US interest rates, Peter Seah, chief executive officer of Overseas Union Bank, said yesterday. "We expect interest rates to firm up
      Reuters  -  197 words
    • 141 8 Reuters SINGAPORE Technologies Engineering Ltd (STE) said yesterday its marine division will build five new frigates for the Republic of Singapore Navy (RSN). The government-linked defence group did not disclose the contract value in a statement issued to the Singapore Exchange.
      Reuters  -  141 words
  • Page 4 Advertisements
    • 574 4 Workshop on Finance for Non-Financial Managers As companies strive to enhance their shareholders' funds there is a greater need to understand financial information, particularly balance sheets and profit and loss accounts. Decisions made without properly understanding the financial implications may lead to reduced profits (or even losses) and a reduction
      574 words

  • CLOB proposal
    • 264 5  -  It says it was not in agreement talks and explains its initial in-principle support By Carol Eng THE Securities Investors Association of Singapore (SIAS) may yet take the Clob issue to court. It said in a statement yesterday, signed by SIAS president David Gerald, that
      264 words
    • 106 5 Though it was not in favour of the choice of Effective Capital as the only vehicle of implementation, SIAS, in a letter signed by president David Gerald (above) said 'it was the best in the circumstances especially for those who cannot wait much longer to have the
      106 words
    • 794 5  -  David Gerald President Securities Investors Association (Singapore) MANY Clob investors have contacted SIAS on the recent agreement reached between SGX and KLSE. Many are of the mistaken view that SIAS was involved in the negotiation process and was therefore aware of the deal.
      794 words

  • SINGAPORE markets
    • 512 6 Slocks Volume CEI5C 50,190,000 tonics P$1 00 37,030,000 MediaRing 10c 21,967,000 Gok#ron20c 11,581,000 Uraco HldgslOc 11,480,000 IPCCorpn5c 11,360,000 Frt Link# 20c 10,868,000 Fastech USlOc 9,886,000 SembKimtrans 10c 9,174,000 MMI HWgs 10c 8,553,000 Stocka PacificCentury 155,854,604 DBS Grp 52,870,514 &°H 40,137,406 ST Assembly 25c 33,491,861 SIA 32,764,715 OCBC 25,006,834 Ionics P$1.00
      512 words
    • 550 6  -  STOCKS r.sivanithy APART from an early flurry in the morning which saw the Straits Times Index run up 28 points, trading pattern in the local stock market stayed pretty much the same yesterday as it has been for more than a week
      550 words
    • 344 6  -  CURRENCIES larry wee FRIDAY'S new high for the Nasdaq its third new peak last week continued to hit the besieged euro hardest for most of Asian trading yesterday, with selling against a resilient yen particularly acute. By the Asian close
      Source: Reuters  -  344 words
    • 251 6  -  HOT STOCK By Wong Wei Kong NATSTEEL Electronics shares (NEL) enjoyed another good run yesterday, with the stock hitting a new 52-week high and finishing among the session's biggest gainers. NEL shares closed 60 cents, or 5.2 per cent, up at $12.20, which was
      251 words
    • 136 6 URACO Holdings said Ng Kok Heng has resigned as chairman and managing director but will remain on the board as a director. Chay Kwong Soon has been appointed chairman and interim chief executive officer. ABR Holdings has appointed Winston Choo Wee Leong as executive director. SLA yesterday bought
      136 words
    • 190 6  -  WARRANT WATCH By R Sivanithy TRANSPORT and warehousing group Freight Links Express Holdings was in the news recently, mainly because its Hongkong associate is placing out a large number of shares which will reduce Freight Links' stake in it from 47.8 to just
      190 words
  • Page 6 Advertisements
    • 198 6 f 11V\ m. II MB J i A iw wstms» Mfc* H| k H The SingaPort 2000 special feature is fully loaded with advantages for advertisers. Firstly it is published in conjunction with the SingaPort 2000 Exhibition and Conference which is Asia's premier maritime event. Editorial content will also be
      198 words
    • 22 6 Access tc IPO placements. Just one more reason to join DBS investor Online Call us at 323-3955 to find out more BDBSBANK
      22 words

  • Page 7 Advertisements
    • 164 7 I JBr iSt R y jJI y' iy** ft They have made their mark on world trade. o Asia Pacific Breweries, Bax Global, Borealis Singapore, Cerebos Pacific, Creative Technology, Hewlett-Packard Singapore, Informatics Holdings, Keppel FELS, Maersk Singapore, Salcon, ST Logistics, TT Importers Exporters, Texas Instruments Singapore, Toepfer International-Asia and Venture
      164 words

  • Page 8 Advertisements
    • 215 8 kJL 1 1 Hk II I 1 Ifk I/ SHOPPING flirt V— 3 I FESTIVAL ■J"* cS>*!> I "m A> r 2.00@ 4r*y Enjoy Dubai's many great attractions now for just $929. It s the shopping event of the year. From 1 to 31 March 2000, the Dubai Shopping Festival
      215 words
    • 73 8 Corporate Advantage For more information or W (65) 294-0467. Superior Roon, <65 298-2038 Complimentary Local Calls rE m f r J sales@goldenlandmark.com.sg and Daily Newspaper Late Check Out till 4pm Golden Candmark Additional SSI(MJU to hotel SINGAPORE upgrade to Deluxe category, 390 Vic,or,a Slreet Singapore iBBo6i. rc Tel (65) 297
      73 words

  • SINGAPORE news
    • 276 9  -  By Audrey Tan GROSS fixed investments by Singapore companies are expected to pick up this year, with the improvement in business conditions and sentiment, a survey of economists has found. London-based Consensus Economics polled 11 private sector forecasters who all expect gross fixed investments
      Source: DOS  -  276 words
    • 292 9  -  Its eVoiz service from March 15 will cost as low as 6% of standard IDD rates By Andrea Tan SINGAPORE Telecom said yesterday it would introduce a new international call service, eVoiz, marking its entry into the more competitive Internet telephony market. Starting from
      292 words
    • 144 9 THE Singapore Tourism Board (STB) will kick off its first tourism promotion on German radio in what will also be its "most intensive" campaign there to date. Following a strong growth in European visitors to Singapore last year. STB said yesterday it
      144 words
    • 231 9 IT was a joint campaign that exceeded the expectations of all its three partners The Business Times, Forbes Global and Visa International. The joint subscription, which ended last week, attracted 2,762 subscribers for the two publications. "We're thrilled that so many readers decided to double
      231 words
    • 222 9 BIDS for 12 bottles of rare wines now on offer at the Auction Asiaone Web site have come fast and furious. The 12 bottles sought after by collectors as well as wine connoisseurs went on auction on March 2 at
      222 words
  • Page 9 Advertisements
    • 499 9 > UNISTAR ENTERPRISES LTD (IN RECEIVERSHIP) well- Medium-sized Garment Manufacturing Business Located in established The Republic of Mauritius for Sale garment Offers in scaled envelopes are invited for the sale of the assets of Unistar Enterprises Ltd (In Receivership). The company is established since 1985 as a manufacturing garment manufacturing
      499 words
    • 236 9 J- 1 1 ~J-r- Jk, IMAGE KakißuMt SSL. -J~ P QUALITY "2X FINISHES •ssy Itfmk 9 MMT Location Plan •Prominent development ML?, i at Eunos Kaki Bukit with high visibility Minutes away from jflf mWr Ml Eunos MRT station *fl/ jMr j I u office standard 4 •Private car parking
      236 words

  • PARLIAMENT news
    • 615 10  -  With surprise $3.2b surplus from last year, the Budget could have been far more generous By Anna Teo AFTER chalking up a handsome $3.2 billion budget surplus, the government could certainly have afforded to be a lot more generous, instead of rolling back "so
      615 words
    • 629 10 ARE Singapore's social infrastructure and hardware up to the task for the new economy? Not quite, says Ang Mo Kio GRC MP Inderjit Singh, during the first day of the Budget debate yesterday. We reproduce here excerpts of his speech. MANY observers have advised us that
      629 words
    • IN Brief
      • 92 10 THIS year's was entirely an e-Budget, two MPs said yesterday. There's not only the strong bias towards e-commerce, the Budget also caters to the elderly, entrepreneurship and ESOP (employee stock option schemes), said Leong Horn Kee (Bishan-Toa Payoh GRC). "In addition, I call it an e-Budget because
        92 words
      • 94 10 OTHER MPs, noting that the media was hard put to slap a label on this year's Budget, came up with several of their own. Some called it "cautious", "conservative", "prudent". To Nominated MP Noris Ong, it was a "measured Budget", or the Finance Minister's "measured
        94 words
      • 80 10 THERE aren't enough individuals in Singapore who are prepared to be business angels, says Heng Chiang Meng (Cheng San GRC). To encourage the emergence of more angels, he suggests that relief for investments in start-ups under the Venture Capital Incentive Scheme be allowed at the
        80 words
      • 88 10 HOW about giving all Singaporeans a new fund for their self-improvement, tenable for a wide range of courses, from Masters programmes to language instruction to computer skills, Nominated MP Simon Tay (right) suggests. Such programmes should be recognised as creating assets, just as much (if not
        88 words
      • 47 10 COMPANIES producing "global products" should be given special tax perks to venture into the global market, said Sembawang GRC MP Teo Ho Pin. He also called for more support to help potential world-class companies market and brand their products or services globally.
        47 words
      • 44 10 AND to be a hub of "world-class talents", companies must be given more tax incentives to package their remuneration system, Sembawang GRC's Dr Teo said. Staff benefits like car, housing and club memberships should be exempt from personal tax, he said.
        44 words
      • 91 10 INSTEAD of a flat corporate income tax rate for all companies, how about considering a lower rate for local SMEs, Nominated MP Noris Ong suggested. Wholly locally-owned SMEs could be subject to a, say, 16 per cent tax rate on the first $1 million of
        91 words
      • 71 10 ALJUNIED GRC MP Ker Sin Tze devoted his Budget speech to calling for estate duty to be abolished. The latest move to allow residential properties to be used for business activities and hence qualifying the property owners for estate duty exemption is unlikely to excite
        71 words
      • 84 10 THE Falungong group banned in China as a cult is registered in Singapore as the Falun Buddha Society. And so long as they do not breach the law or disrupt public peace and order in any way, they can continue their qigong activities in Singapore, Minister
        84 words
  • Page 10 Advertisements
    • 145 10 E4 r «<iß i <W i 4 jF ,j J w 4 y y f gkurm L 4rtßM|ppH fifl I t mJI Jsm'- "*Bf tB w'*' "^jp Jjr s -J JK mfjit M *.fv® ll i 'k; fl jfc $f-? f' J. X 4MHH -w Jr jr? a J V
      145 words

  • FOCUS property
    • 751 11  -  PROPERTY Developers won't go gaga over exercise If asset pricing is discounted lee han shih FROM what was revealed at a DBS Land event last week, most developers will not be rushing into asset securitisation. Last Tuesday, some 70 analysts and reporters filed
      751 words
    • 149 11 corrections and clarifications: IN our New Homes For Sale table published on March 2 in Executive Suite, there were misprints involving six projects. We carry above the correct information. We are sorry for the errors. I I nil gill in 11 p»| DEVELOPER DISTRICT LOCATION SIZE
      149 words
  • Page 11 Advertisements
    • 212 11 DEVELOPMENT SITE J\ V. FOR SALE BY TENDER I Property Phoenix Mansion \|r it M \W\ 60 Cairnhill Road V>J 1 fLand Area 2,682.4 sqm (28,873 sq ft) U Tenure of Land Freehold 111 Tenure of Building 9999 years leasehold I M Planning "Residential' Zoning SllbieCt 1 I Parameters 2.8
      212 words
    • 428 11 Tenure Freehold jfcT+T tKhM— Plot Ratio 2.8 K ~N\\ Height Up to 30 Storeys 1 VA Land Area 14,628 sq.ft \JT District 11 ——is r* Near Offices, Shopping Malls, Schools Novena MRT Station. /v\i \XT Excellent Accessibility to PIE CTE SSSST'* Tender Closing Date: 29th March 2000 at 4.00pm I
      428 words
    • 180 11 Still The Best... Henley Management College are leaders in the field of flexible MBA programmes for busy international executives. Henley is the first international MBA programme to be offered in Singapore in 1985 and since then, Henley has built a formidable presence here and around the world. The Henley MBA
      180 words

  • MAIL bag
    • 300 12  -  Tan-Huang Shuo Mei (Mrs) Assistant General Manager Customer Service Department Central Provident Fund Board Singapore WE refer to the letter "Funds: CPF can play bigger role" by Thim Fatt Phang (BT, Feb 25). Mr Thim suggested that the board consider appointing fUnd managers
      300 words
    • 255 12  -  Y Woozeer Singapore TIME being of the essence, kindly allow me the following rejoinder to my letter on the SGX-KLSE agreement (BT, March 3). While it seems paramount not to repudiate an amicable solution simply by virtue of who the offeror is or a
      255 words
    • 296 12  -  Tan Nyah Nyah Singapore I AM perplexed by the speed with which SGX accepted Effective Capital's offer. We were told over the last two months that Bintang Melewar's offer is more attractive, and yet the SGX has suddenly agreed to accept Effective's
      FILE PHOTO  -  296 words
    • 114 12  -  Ong Siew Tin Singapore via Internet READING the joint announcement by SGX/KLSE was indeed a great disappointment and a sad occasion. The so called "settlement" will indeed be a laughing stock for others. So much talk about our rights and yet we have to give
      114 words
  • Page 12 Advertisements
    • 267 12 You cane-mall us at btiettor9sph.com.ag or fax us at *****71, or mall your letter to The Business Timea. Times House, 390Kim Seng Road, Singapore*****s. Please give your full name, address and telephone number. V| flfl Vm VM HHppppiL'- |!P #MW M fp WIM Jfa Business can be won or lost
      267 words
    • 105 12 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions including British Virgin Islands Mauritius Cayman Islands Hongkong Bahamas Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialize in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For
      105 words

  • FOCUS france
    • 1910 13  -  France's Minister of State for Foreign Trade, Francois Huwart, who is currently visiting Singapore, explains his country's position on the new economy, the WTO and bilateral economic relations By Vikram Khanna [SINGAPORE] HOW wellpositioned is France to benefit from the
      1,910 words
  • Page 13 Advertisements
    • 387 13 ...<•■ Bj Now. every time you fly ANA. you'll be taking off with even more mileage points. In celebration of the new millennium. ANA is offering all ANA Mileage Club Members our Year 20()0 Bonus Miles. Between 16 January and 31 March 2000 (Boarding Date), all you have to do
      387 words

  • e News
    • 446 14 ORLANDO, Florida 6E Global Exchange Services will compete with firms like Commerce One and Ariba Bloomberg GENERAL Electric Co, one of the top providers of electronic purchasing systems, has formed an electronic-commerce unit to compete with companies such as Commerce One Inc
      Bloomberg  -  446 words
    • 260 14 HONGKONG Reuters Business software provider Computer Associates International Inc said yesterday it would form a 50-50 application service provider (ASP) joint venture with Cable Wireless HKT. "It is an ASP venture," Computer Associates chairman and chief executive officer Charles Wang told Reuters in
      Reuters  -  260 words
    • e Briefs
      • 55 14 AFP [WASHINGTON] Two powerful new microchips are due to hit the market this week, according to an announcement posted on Cnet, a specialised Web site. AMD confirmed it was to start shipping its one-GHz Athlon processor yesterday, while Intel was expected to release its
        AFP  -  55 words
      • 65 14 FT [ROME] Banca di Roma, one of Italy's largest commercial banking groups, is joining forces with Telecom Italia to create a new online bank. The bank said it would be taking an 65 per cent stake in the venture, with the remaining 15
        FT  -  65 words
      • 61 14 Reuters [HONGKONG] Growth Enterprise Market listing candidate Hongkong.com Corp said it would use about HKS496 million (*****.7 million) of its proceeds from an initial public offering for marketing and advertising in Hongkong and overseas. The Hongkong-focused Internet portal arm of Chinadotcom Corp is raising net proceeds
        Reuters  -  61 words
      • 63 14 AP [BANGKOK] The Nation Multimedia Group pic's wholly-owned unit Thai Portal Co said yesterday it will launch Thailand.Com, the country's largest portal site, to sell Thai products. Thai Portal's chief executive officer Thanachai Theerapatvong said the firm had invested 300 million baht (5)13.6 million)
        AP  -  63 words
    • 327 14 HONGKONG AFP LONG queues formed outside banks here yesterday for applications for the share offers of a mobile phone operator and the new technology flagship of one of Hongkong's top property companies. Mobile phone operator Sunday Communications Ltd is seeking to raise
      AFP  -  327 words
    • 817 15 Dhanin's Telecom Asia owns Bangkok's phone lines and the country's only cable TV franchise. No wonder it's the 3rd best performer on the SET-50 Index Bloomberg [BANGKOK] HANIN Chearavanont became a billionM aire expanding his fa- ther's chicken feed H business. He's now
      Bloomberg  -  817 words
    • 327 15 HONGKONG Loss comes after two senior staff quit last month Bloomberg LEHMAN Brothers Holdings Inc has lost two Hongkongbased staff from its Asian Internet group, Including Frank Au, Asian head of media and telecommunications, barely a month after losing two key
      Bloomberg  -  327 words
    • 231 15 AFX-Asia [BANKGOK] The Charoen Pokphand Group (CP) and Shin Corporation pic have expressed interest in holding stakes in Thai Telephone and Telecommunication pic, the Bangkok Post said yesterday quoting Jasmine International chairman Adisai Bodharamik. Jasmine International's stake in Thai Telephone will rise
      AFX-Asia; FILE PHOTO  -  231 words
  • Page 14 Advertisements
    • 60 14 gqafc.-- if*. aiiin v^. iwimmki *2Kf. rnm» «^^^p3S9I^^iBBB^IBsIHBvBI99pBvBB6BB9BBBSs9SIBS^BS9SKB9IBB9BBIBHiBBv9vIiB^^^w^ t 1\ 1 I ■lII' 9 KWiWMiWM More people are reading. According to an survey, readership of Singapore's daily newspapers increased in 1999 over the previous year. By 5 in total readership for tin Lnghsh and Chinese dailies, and 6.8 <> for
      60 words

  • Page 15 Advertisements
    • 56 15 >j-_.j>-_ g *Jf Wah^;... ll' J DggopeiT" imim MWBB —v.lr--f s^ir* i i 1 x •iii' 'p niiiniiPOTWMi More people are reading. t /f 5 year. By s'. in total readership for tns Oifciish and Chinese dailies, and 6.8"» for the Malay daily. Proving that Singaporeans still rely on their
      56 words

  • EDITORIAL & opinion
    • 827 16  -  OPINION leon hadar The writer is BT's Washington correspondent THE extensive and adoring (worshipful?) coverage by the American media of Republican White House aspirant John McCain has created the perception of the senator from Arizona as this year's "cool" presidential candidate, the MTV
      827 words
    • 100 16 'You are changing the culture in a society where nobody likes to pay taxes and where tax avoidance is the name of the game.' k-rit Pakistan s finance minister, on a plan to tax agricultural incomes of feudal landlords who have always escaped payment and to broaden
      100 words
    • 610 16 EDITORIAL AS masterplans go, Infocomm 21: Manpower Developmentis as good as we've come to expect from Singapore's planners. It hits all the right buttons and draws a clear roadmap towards the target outcomes 10 years hence. So what could mess up its execution? In a
      610 words
    • 972 16 Feelings the missing factor in economic theory Orthodox theory famously assumes that people are rational. In reality, they are not The Economist IN THE long run, is economics dead? The discipline is in trouble. It nearly always has been. Only for a decade or two after 1945 did things look
      The Economist  -  972 words
    • 897 16 The Chechen question THE second Chechen war is having effects well beyond the Caucasus. It has already reshuffled the political pack in Moscow, clearing the way for an election success for interim President Vladimir Putin and, with that, a more nationalist and authoritarian administration than that
      897 words

  • REGIONAL news
    • 639 17 Ibra is concerned that the founding S&lim family, which retains a 7% stake, will also benefit, they say AFX-Asia [JAKARTA] PT Bank Central Asia's (BCA) planned initial public offering has been delayed due to government objections that the former founding shareholder, the Salim family, which
      AFX-Asia  -  639 words
    • 359 17 Companies of S&lim and Tnnggal groups included Reuters [JAKARTA] The Indonesian Bank Restructuring Agency (Ibra) plans to sell its stakes in some nine additional companies in 2000, including from the Salim group, to raise 18.9 trillion rupiah (554.37
      Reuters  -  359 words
    • 281 17 Reuters [HONGKONG] Lower non-re-curring gains pulled First Pacific Co Ltd's 1999 full-year net profit down 61.7 per cent from 1998, but the company said yesterday that operating contribution rose 82.2 per cent, thanks to its broad restructuring. Controlled by Indonesia's Salim Group, the Hongkongbased conglomerate's
      Reuters  -  281 words
    • 727 18 NATIONAL nTOTTIftVcf»}»].!. I jj.-j.-l BEIJING Strong growth needed to preserve social stability as reforms throw more people oat of work: minister Reuters CHINA'S economy is expected to grow around 7 per cent this year, supported by a massive Budget deficit to fund infrastructure
      Reuters; AFP  -  727 words
    • 215 18 BEIJING AFP CHINA'S military turned the screw on Taiwan's voters yesterday, warning that millions of troops were on "high alert" ready for an immediate strike if the island moved towards independence. Less than two weeks before Taiwan's second presidential elections, the military's newspaper
      AFP  -  215 words
    • MARKET moves
      • 109 18 PRICES of Diversified Resources Corporation Bhd's (DRCB) group of companies continued to suffer despite its restructuring plan to improve cashflow and the sale of its stake in national car maker Proton to Petroliam Nasional for one billion Malaysian ringgit (***** million) in cash. DRCB tumbled 24
        109 words
      • 86 18 INVESTORS are having a rather uneasy time tracking the companies of Danny Tan brother of tycoon Vincent Tan of Berjaya Group. Danny controls two listed companies with similar names mainboard-listed Dijaya Corporation and second-board company Dijaya Enterprise. Some investors bought Dijaya Corporation last week, thinking that it's the
        86 words
      • 86 18  -  Compiled by Eddie Toh MALAYSIAN Resources Corporation Berhad fell 24 sen to RM4.36 amidst an overall market weakness yesterday. As a result of the subdued market sentiment, investors did not pay much attention to the company's faster-than-expected completion of the main structure for the KL Sentral
        86 words
    • 356 18 BANGKOK Reuters, AFP FOREIGN investors unloaded shares in Bangkok Bank pic yesterday after the bank's management announced a plan on Friday to double registered capital. An analyst with Capital Nomura Securities said the foreign selling was on concerns they would not have the right
      Reuters,; AFP; Source: Bloomberg  -  356 words
    • 227 18 KUALA LUMPUR Units to include group's cellular and Internet divisions Reuters TELEKOM Malaysia Bhd plans to list four subsidiaries, which include its cellular and Internet divisions, on the Kuala Lumpur Stock Exchange (KLSE), according to a New Straits Times report yesterday. Last week, the state-con-troUed
      Reuters  -  227 words
    • 134 18 KUALA LUMPUR Reuters MALAYSIAN construction group United Engineers (M) Bhd (UEM) plans to list its toll-road company PLUS by the end of this year or early next year, The Star newspaper said yesterday. "The plan for listing is progressing well," it
      Reuters  -  134 words
    • 574 18 MANILA Reuters THE Philippine stock exchange, buffeted by a stock price manipulation scandal, is now considering the possibility of listing the bourse to "professionalise" its management, Finance Secretary Jose Pardo said. Mr Pardo told reporters over the weekend that senators were reviewing a securities
      Reuters  -  574 words
  • Page 17 Advertisements
    • 333 17 The judges know a winner when they see one. So do all of our investors. It's time again to bring out the champagne at CMG First State you are on the look-out for a good investment opportunity, dont miss Investments. Our CMG First State Singapore Growth Fund and CMG the
      333 words


  • WORLD news
    • 888 19 LONDON Top management at the insurance market is accused of hiding losses from investors so they would continue to pnmp in money AP AFP A FRAUDULENT clique of top management at Lloyd's insurance market here hatched a secret plot to conceal crippling
      AP; AFP  -  888 words
    • 428 19 OAKLAND, California McCain wins NTT endorsement and rans even with Bash in New York AFP WHITE House hopefuls prepared for an all-out campaign blitz yesterday, ahead of the biggest clutch of primaries in US history which could end the nomination race phase
      AFP  -  428 words
    • 431 20 LONDON Proposals inclnde spreading profits more broadly, giving units greater autonomy FT, Bloomberg ARTHUR Andersen, the professional services firm, is understood to be planning an internal overhaul in response to regulatory and commercial pressures on the industry. Proposals to be put to partners worldwide
      FT,; Bloomberg  -  431 words
    • 517 20 TOKYO Bloomberg SOFTBANK Corp shares posted their third biggest slump on record yesterday, on concern that the company's purchase of a failed bank and the doubling of its share price in just two months means its stock is overvalued. Nikko Salomon Smith Barney Ltd
      Bloomberg; Source: Bloomberg  -  517 words
    • 322 20 NEW YORK Any deal will include its current merger partner US West Reuters QWEST Communications International, the No 4 US long-distance telephone company, said over the weekend it was in talks with a major telecommunications company about a possible takeover
      Reuters  -  322 words
    • 496 20 SYDNEY It may announce details with its interim results tomorrow Bloomberg TELSTRA Corp, Australia's No 1 telecoms company, posted a record one-day rise as investors bet the company will sell parts of its Internet business in the next few months. "An
      Bloomberg  -  496 words
    • WORLD Watch
      • 59 20 Bloomberg [KUALA LUMPUR] Westmont Industries managing director Joseph Chong has taken leave from his job, a week after the former member of Malaysia's Parliament was charged in court with falsifying the shipyard's earnings results. Westmont's board of directors "approved the application for leave from office"
        Bloomberg  -  59 words
      • 95 20 Reuters (LONDON] British media group Pearson yesterday unveiled a new partnership with America Online and said strong growth in its education arm and Financial Times Group lifted 1999 pre-tax profit 15 per cent. Pearson saw its shares jump over 7 per cent after the
        Reuters  -  95 words
      • 91 20 AFP [TOKYO] Sony yesterday apologised for delays as desperate Japanese shops ran out of PlayStation2 (PS2) consoles after selling 600,000 in a blitz lasting a matter of hours. "We will try to satisfy as many customers as possible by continuing to produce and ship as
        AFP  -  91 words
    • 438 20  -  From Shada Islam in Brussels THE European Union continued yesterday to officially back Germany's Deputy Finance Minister Caio KochWeser as the bloc's candidate to head the International Monetary Fund, despite increasing signs that Germany was searching for face-saving ways to withdraw his nomination. "We
      438 words
  • Page 19 Advertisements
    • 28 19 PRIME OFFICE SPACE FOR LEASE PRIME I®| tonne WAREHOUSE FACTORY SPACE FOR LEASE A- Z Building For details, please call owner Telephone 437 6853 437 6872 534 3132
      28 words
    • 85 19 i p I I XVewards come now ,x^^k I M Asia Miles between rewards as to your a chance to fly to Hong only. you faster on our over your for an I'd like to most M JM^|a^B■ Iwßlgß I the form Dr. Mr. Mrs. Ms. Name: Tide: Address: Telephone:
      85 words

  • Page 20 Advertisements
    • 242 20 I UATffne To advertise call toll free 1800-741 1883 [*1V lIVM Fax No 741 1298 THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF DIPSOL CHEMICALS (S) PTE LTD (In Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVKN pursuant to Scction 308(2) of the Companies Act, Cap.
      242 words
    • 38 20 Parkway Builder's Centre, For Lease, Prominent, Busy Shop Space On Ground Floor, 3830 sf. Good For F&B, Retail, Showroom Cum Office Others. 72 MUSICAL INSTRUMENT Keep in tune with noteworthy buys here. fti CATS. The Straits Times Classified
      38 words

  • FINANCE & commodities
    • 239 21  -  SGX Derivatives Tratiln&Reports MSCI Singapore Index Daphne Tay, Jardine Fleming THE Singapore stockmarket slid to a lower close yesterday after a firm opening propelled by Wall Street's strong gains last Friday. However, optimism soon flagged as investors turned cautious in the absence of fresh leads
      239 words
    • 166 21  -  MSCI Taiwan fixtures Seow Hock Hin Refco Singapore THE Taiwan Stock Exchange Weighted Price Index declined 150.06 points or 1.58 per cent to 9,367.91, below the government targeted support level of 9,400. The fall came after China reiterated over the weekend that it would
      166 words
    • 260 21 ENERGY REPORT Reuters [LONDON] Oil galloped to new highs yesterday after key producer Iran said there was no need for the Organisation of Petroleum Exporting Countries (Opec) to raise output after March because demand would fall in the second quarter. Benchmark
      Reuters  -  260 words
    • 328 21 Bloomberg London THE yen rose against the US dollar amid speculation Japanese companies are converting foreign currencies into yen to close their books before the end of the fiscal year on March 31. "Repatriation is one of the factors" in the yen's gain, said Stephen Hannah, chief economist
      Bloomberg  -  328 words
    • Article, Illustration
      1327 21 OITERRAME CROSS RATES CS ffr P«" HK$ Ind Bs Rupiah Yen Won »M NZ$ Pafc Bi Ptso s$ Band Sfr HT$ Bafct Powi US$ fS" 0 879 "i 9 4 ,28 1231 < W 26.*****.020 0.651 6.776 2.298 1.242 ***** 24.732 1.043 3.908 1012 18.604 23.060 0.382 0.605 n oo
      1,327 words
    • 1951 21 SICOM FUTURES Wg RUBBER (futures closing as «t 5.30pm) RSS1 CONTRACTS cents/kg) Close Volume Open Month Hiqh Low Sett (tonnes) Interest Apr 00 119.50 200 May 00 120.50 50 Jun 00 123.50 ***** 123.50 350 300 Jul/Sep 00 127.00 RSS 3 CONTRACT (US cwtsAg) Volume Open Month High Low Sett
      1,951 words

  • STOCKS east asia
    • 2861 22 HONGKONG AFP PHangScng ****** HONGKONG share prices soared 2.7 per cent, mainly on buying of telecoms and technology shares on the back of a firmer US market, dealers said. "The market's sentiment has been driven by Friday's gains on Wall Street", on a
      AFP  -  2,861 words
    • 2035 22 TOKYO AFP Q Nikkei 225 -13L19 SHARE prices in Tokyo closed 0.7 per cent lower yesterday as investors sold stock in late trade to lock away profits, brokers said. The Tokyo Stock Exchange's Nikkei index of 225 issues dropped 131.19 points to close at 19,796.35. The Topix
      AFP  -  2,035 words
    • Article, Illustration
      981 22 AFX-Asia, Reuters P Shenzhen Bldlbi .2.74 SHENZHEN'S hard currency B Share Index fell 2.74 points, or 3.17 per cent, to 83.74 as turnover rose slightly to HK546.3 million from HKJ44.2 million on Friday. The domestic A Share Index fell 22.35 points, or 3.90 per cent, to 550.83 on turnover
      AFX-Asia,; Reuters; Source: Credit Lyonnsis Securities(Asia) Ltd  -  981 words
    • 359 22 AFP nWP Index TAIWAN shares closed 1.6 per cent lower yesterday, breaching a support level of 9,400 points amid jitters over cross-straits tensions before the March 18 elections, dealers said. The pressure from the mainland sparked selling despite President Lee Tenghui's recent prediction that the market would have strong
      AFP  -  359 words
  • Page 22 Advertisements

  • STOCKS klse
    • 448 23 AFP CI Composite Index -7.82 MALAYSIAN shares ended lower yesterday with the market apparently in a corrective phase after Friday's technical rebound, dealers said. The Kuala Lumpur Stock Exchange Composite Index closed down 7.82 points or 0.8 per cent at 940.49. The second board
      AFP  -  448 words
    • 8759 23 INDUSTRIALS CommMr products 2000 List Vel Day Net Cap Hm Low Cema—y Sale *000 **1* W two 420 310 A|inomoto 374 23.7 151.6 158 91 AngUM 109 -6 283 122 108 160.7 452 290 Apollo Food Hlg 428 -6 34 436 426 10.2 J7J.2 2975 2700 BAT 50c 2800 until
      8,759 words
  • Page 23 Advertisements
    • 42 23 Q investment porrrouo I I fi£2 I IPO. Shares. Bonds. Stocks. Annual Reports. Whatever you're offering, we help you reach out to 86.7% of all adults In Singapore daily. The Straits Times The Business Times Lianhe Zaobao Berita Harian Tamil Murasu 1800-741-1883
      42 words

  • SGX clob & regional stocks
    • 3497 24 BONDS WARRANTS fnm/ lt*n 1W Bay LaaMaata •>! Mtai bar Mk M# laa Mm Mi *ar- 1000) M# lH l«TK M« Mi (Mttt) Mte Mn T"~"~|* Utt i|4 12 t 3)60 -AcarW0)073tUSS liij 0* 376 4*5 44X 45 333 1 156 70 2*5 16 fO ]f 1 3 '6* AcmaW0l0724
      3,497 words
    • 316 24 AFP Q Composite Index +14J0 THE Korea Stock Exchange Composite Index closed up 14.50 points at 909.33. Volume was 350 million shares worth 4.1 trillion won. Advancers led falls 757 to 108. AFP Mart Mm AaamSanri ***** 1850 Br«n T»ch 1870 205 CtotrH Bank 2720 140 CtwilComm -.*****0 -6000
      AFP  -  316 words
    • 286 24 AFP Q Composite Index +4L55 THE Philippine Stock Exchange Composite Index rose 41.55 points to close at 1,738.30. A total of 6.8 billion shares worth 2.2 billion pesos changed hands yesterday from Friday's 6.9 billion shares valued at 2.0 billion pesos. —AFP «80> MRCAWad 0.67 -0.01 250 Abacus Construction
      AFP  -  286 words
    • 273 24 AFP gHBE-40 +158 THE benchmark NZSE-40 Capital Index closed up 3.58 points or 0.2 per cent at 1,979.22. Turnover was a moderate NZ$B7 million of which Telecom Corp, which rose nine NZ cents to NZ$B.52 and accounted for NZ555.6 million. Hart US (OOP) Advantage MOS 4.90 0.05 87 Air
      AFP  -  273 words
    • 590 24 AFP QABOrinuriM +&3 AUSTRALIAN shares rose 0.2 per cent to a fourth successive closing high as Telstra pulled out of a long dive to help boost the market, brokers said. The benchmark All Ordinaries Index rose 6.3 points to 3,232.1. The All Industrials Index rose 38.6 points to 5,798.2,
      AFP  -  590 words
    • Article, Illustration
      780 24 AFP P SET Index -188 THAI stocks fell one per cent as foreign investors unloaded shares in Bangkok Bank pic after management announced a plan to double registered capital, dealers said. The Stock Exchange of Thailand Index closed down 3.86 points at 379.27 while the select SET-50 slipped 0.34
      AFP  -  780 words
    • Article, Illustration
      674 24 AFP F1 Composite Index +18J6 INDONESIAN share prices closed 3.3 per cent higher yesterday on a technical rebound with sentiment buoyed by a meeting between the president and his dismissed security minister, dealers said. The Jakarta Stock Exchange Composite Index closed up 18.16 points at 566.71 off a high
      AFP  -  674 words
  • Page 24 Advertisements

  • 9333 25 SGX MAINBOARD Transaction date: Mar 6 Gr Gr M Wt 32-Wk Last Vat 0«y Laat Ouota Olv Div VM Nat Cap Avg Hlfl> Law StMa Cawpaay lala COOP) M» Law Invar Mhf Cw M W Wm MULTI-INDUSTRY 182 69 m c 1000 Acma 50c 140 »5 264 140
    9,333 words
  • Page 25 Advertisements
    • 56 25 1 Multiply your wealth. iM %tf Mm% The Equity Investment Account from Citibank. I 7 Gives you credit to invest in shares and interest on your positive balance, r Br What better way to multiply your money? wb-j Call 339 7126 to open an account today Or visit our website
      56 words

  • Page 26 Advertisements
    • 323 26 [Where to wine, dine and entertain...'"" <>> -Offering the lowest interest rate in town 4545 Select from our extensive a la carte buffet menu featuring 60 superb Sichuan and Cantonese gourmet delights. Lunch: #23 (Adult), 40% discount (Child) Dinner: #26 (Adult), 40% discount (Child) For reservations, please call 290 8005/299
      323 words
    • 42 26 lobstere, savoury honey-glazed R//IM7 Beef and many more mouth- v watering dishes to leave you spoilt for choke IP* "^DINING A 5 BEST Lunch: 12 noon 2.30pm Dinner 6.30pm 10.00pm Reservations: 831-6271/88 111 <>«.h.»rri Rrud *****7 M 717 4411 Fax 712 2)61
      42 words
  • Page 26 Miscellaneous
    • 914 26 Page 26 The Business Times, Tuesday. March 7,200( TYriFl* cryptic crossword Central S Club 7ln Miami. 2.15 The Sweet Mum. Bpartaetty -—r—^ a R 1 9-00 AM Kids Central: Pip 5.00 Jack Hanna's Animal 3.06 The Officials' True Col- 5.00 PM Basketball NBA The Appleseed Knight. Adventures. (2ndtx). —mm mm
      914 words

  • KNOWLEDGE economy
    • 1211 27  -  Getting top foreign universities to set up here may not reap huge profits but the pay-off will be in intangibles. MARISSA chew reports MARISSA CHEW WOOING top universities to set up here may not bring in truckloads of cash to Singapore, but the pay-off in
      1,211 words
    • 784 27  -  Byl Patrick Lambe The writer is business development manager at The British Council, Singapore THERE is a type of obsessive, compulsive disorder which involves a mania for counting, cataloguing, tidying mundane objects over and over again. It is classified as an anxiety disorder, and 23
      784 words
  • Page 27 Advertisements
    • 163 27 S&R PACKAGE^' V fk. ONLY '^v WHO SAYS YOU HUE TO BE A CINDY. A DEMI OR A BRUCE TO ENIOY STAR TREATMENT 0 LI MO BUFFET DELUXE PLANET HOLLYWOOD RIDE BREAKFAST ROOM DRINK TERMS I- CONDITIONS JVOSERVICE IS COVPLIVENTW AND COOP FOR ONE IV AY ONLY FROV KLI» TO
      163 words

  • Page 28 Advertisements
    • 229 28 Issued by Morgan Stanley Co. International Limited, regulated by the Securities and Futures Authority Limited. Morgan Stanley Dean Witter is a service mark of Morgan Stanley Dean Witter Co. The markets look for more than meets the eye. offering. Putting monetary values on things that defy conventional Which makes it
      229 words

  • SHIPPING TIMES
    • 269 29 Bridge News Reuters Activity was very brisk on the panamax sector of the dry cargo freight market on Friday, particularly in the Far East, brokers said. The capesize category was deecribed by brokers as very solid, although quiet by comparison with earlier last week. ♦Arethousa (built 1990) 171,900
      Bridge News; Reuters  -  269 words
    • 100 29 I.is -om mmS W W* iM 5 "s as m m MC mi«n» 0.72 MTKh ns —1*1 If* MVWAMM Wflt .Q.j 7 unch 200 0 ft unch 0 AftO«tlE<>ufcy 1.94 -0.02 2909 0.04 nt K49W* PN«o 1.00 MM* *90 mr»i m» oj» 0.02 no ri5TmjuS!w5iS 3js 3 UwmryWrtw
      100 words
    • 545 29  -  MOU also includes projects on training, marine environment protection and navigational safety By Donald Urquhart [SINGAPORE] Singapore and Norway signalled their commitment towards greater cooperation in the maritime industry yesterday. The Maritime and Port Authority of Singapore (MPA) signed a Memorandum of Understanding
      FILE PHOTO  -  545 words
    • 78 29 Reuters [WASHINGTON] Sea Containers Ltd, a holding company for its marine cargo container leasing business, ferry, port and raU operations and its leisure business, filed to seU from time to time up to US$3OO million (Sssl3 million) in debt securities. The Bermuda-based company said it would
      Reuters  -  78 words
    • 415 29  -  Japanese carrier has slot charter agreement with Hyundai By Ann Toh [SINGAPORE] Nippon Yusen Kaisha (NYK) has started its first service plying North Asia and the Persian Gulf by entering into a slot charter agreement with Hyundai Merchant Marine. The Japanese carrier
      415 words
    • BOEING engineers'strike
      • 1104 30 For its 18,000 engineers and technical workers, it was Boeing's hard-line approach that drove them to go on strike AP [SEATTLE] FOR many of the 18,000 engineers and technical workers who walked off their jobs three weeks ago, their strike against the Boeing Co is not
        AP  -  1,104 words
    • 191 30 PACE DSR Senator 4 h£l j Delmas 4 Am 3 "J*""* 8 Accord 8 Dongnama 3 Append* 5 l(X 4 Austral 6 ECU Line 6 s :;;rrr J F OOIH bMI o B'tanqMas 6 6«nartr«» 6 COH 7 CMA 8 Hanqli 7 8 H«o|io 3 Columbus 8
      191 words
    • 17623 37 THEBUSINESSTIMES THEBUSINESSTIMES EXPORT ETA ETA Advartlsar VMM) Voyaga Talaphona ETA ETA Advartlsar Vassal Voyaga Talaphona 5 >TWH.rj 5 s m H4rr Numoar Nuirwr SIN Nama NumOaf Numbar 21/0] 23/04 CSAV IMS 007N 45-*****55 To ABIDJAN (ABJ) 2003 Cot* D'I voire 23/03 27/04 tmm tmm ensenaoa 00* 45-*****22 '5/03
      17,623 words
    • SHIPS IN PORT
      • 552 40 Vessel Voy No Berth Arrival Depertura Spc Capnco R*****0 J12 06/03/675 06/03/19 00 It P WuM) ***** JOI 06/03/1:30 06/03/ft00 SiMrsUr 3 J07 06/03/7:35 07/03/6:0fl SandMtwa 2 a J03 06/03/8:10 07/03/8:00 K Ci M*< 30X5300 JOI 06/03/8:40 07/03/1640 It SjbiAriy WW300 Ml 06/03/8:50 06/03/2140 unwri Jaya JUN-20 JM
        552 words
      • 1801 40 RECEIVING OF EXPORT FCL COWTAIimtt AHD LCI CAMP Boo*in<)/Bi!«Ki Rstls Ship Voy No Etb/Btr Ptriod From Jo From »ci oanua ooa 'Moo u 04/000 04/149* 04/000 ta NMSCVS OJU 7/2*9* wm M/MM 04/000 ot/Hoo 04/145* 04/000 U 04/1700 07/049* 07/9100 n 04/1700 07/045* 07/9W I 07/0700 07/m* 07/1400
        1,801 words
      • 205 40 Mar M Indonesia: Hari Raya Haji. Malaysia: Hari Raya Haji. Singapore: H&ri Raya Haji. Brunei: Hari Raya Aidiladha. Mar 17 United States: St Patrick's Day Bank Holiday (Northern Ireland). MarlB Taiwan: Market Holiday for Presidential Election. Mar 20 Japan: Vernal Equinox Day. Apr 3 Taiwan: Women Children's Day.
        205 words
      • 791 40 THIS report, compiled by Cockstt Marine Oil Ltd. shows price rangss In OS dollars instead of single prices ter a lMf» comprehensive description of the «iar ket. Prices shown are based on avartpasteed stem. Market movements are lad) cated. The Cockett Bunker Price Index change and
        791 words
      • 451 40 tetak HO Mn 998.2 U 16 9 0.00 75 OJK Mar 2 BMk* Mtr 'M MaM* MMh Ma a8om£25 0 3 0 0 0 I iTT, rg raitBg, -.-j.fr. J>0am 988.4 0.3 14.0 0.06 46 0.03 i .-V ;f r 300 Mm 998.9 0.1 18.2 O.M
        451 words
    • AIR & LAND transport
      • 422 41 Taiwan has restricted Philippine carrier to only 1,200 seats out of weekly allocation of 4,800 Reuters [MANILA] Philippine Airlines (PAL) said it has asked Taiwan to allow it to increase flights to Taipei and to operate services to Kaoshiung. This
        Reuters  -  422 words
      • 420 41 Bloomberg [SEATTLE] Boeing Co, in response to an almost monthlong strike by engineers and technical workers, said it will give the wage increases promised in its last contract offer to any worker on the job. The world's biggest planemaker
        Bloomberg; AP  -  420 words
      • 320 41 AFP [NEW DELHI] Indian Airlines flights to Nepal, frozen after a hijacking in December, could be resumed soon as India finalises security arrangements at Kathmandu Airport, a top aviation official said. Minister of State for Civil Aviation Chaman Lai Gupta said Nepal
        AFP  -  320 words
      • 400 41 Three people slightly injured in Bnrbank Airport incident AP [LOS ANGELES] A Southwest Airlines jet carrying 137 passengers and five crew members careened off a Burbank Airport runway on Sunday night, skidding to a stop on an adjacent street where it hit a car.
        AP  -  400 words
      • 1880 41 CITY FU6HT ETA fUCMT ETO 8A7306 1840 ****** 2359 «MM BA7381 1930 1*7382 2050 6 »«0 2359 0f81 1930 0f82 2050 FukuoU $0989 1540 S0990 0125 *f!H2 HS Gwagrton S0803 1910 C2354 0910 CZ35' 2045 S0804 1015 ZZ30 Hanoi V*741 1310 VH740 1410 AaHtarta* KL0643 0525
        1,880 words
  • Page 29 Advertisements
    • 285 29 v ;*ffi fr-**&- mmhhbhm| fHIHHUHHHHH K-Unthas appointed finance and corporate I^^^BHH strategy specialist Yfesuhkfe Sakinaga as successor to current president IsaoShintanL Mr Shintani win be promoted to chairmaa a vacant since l|^^^RFV 1997. Mr Sakinaga, 60, is a graduate from the Tokyo University's Faculty of Law andjoined K-Line in 1962.
      285 words
    • 176 29 SingaPort 2000 6th International Maritime Exhibition and Conference SingaPort 2000 Asia's Premier Maritime Event a week you can't afford to miss! jg flb Sf 29* 3J 0rc 2 000 Expo HOURS 31 March 2000 10:00 hrs-17:30 hrs r ViPHP^' m #•<:- Network with the special highlights maritime experts, IT Pavilion
      176 words

  • Page 30 Advertisements
    • 708 30 NORTH AMERICA QULF/INDIA SUB-CONTINENT SUPER SHUTTLE EXPRESS (38X) |OULF KARACHI EXPRESS (QtOQ HZ ytssa vor tas I—3T—T nuM vnsa vot dmn pan iwt jia onq cm |pmang" sm 00d JAPAN 30W504 14/01 04/03 00/03 PtO NEDUOTD 00M0C0 OK 25/07 25/02 27/02 21/02 01/03 M/ 03 10/03 11/03 70W507 23/02 IS/03
      708 words
    • 557 30 1 WHAT'S NEW! igk. Keep your on this spot for new services/clients. owomnp Ivor I jktl wa|wwi *aw mm\ hk» jiai.-|w«|<HA Itto tok j vkk I «wx Imo |uot» I aqcwsob mm 03*3 01*3 07*3 KM nil isn MJO io*3 im i»*3 umimiw W3M 07*3 mji ag 14*3 00QQ1A *****
      557 words
    • 149 30 Li"®* *®rvice» represented by Members of the Registry of Members of the \ltfiSffy Accredited Shipping Agents, Singapore Logistics Association Nty S'pore National Shipping Assoc. ULY UNE MALE I VESSEL VOY ETA f~ITA Tlu P. KIAWG SPOKE MALI Princess Lily VO2OO 13/03 14/03 22/03 Empress Lily VO3OO 29/03 31/03 07/04 Princess
      149 words

  • Page 31 Advertisements
    • 1121 31 SAX SERVKE (DIRECT) 1 vcsfl voy swra iu ok pal j hop lew ax mb> I lure msne om is/w 30/03 m/w m/m m/o* m/m 04/04 m/m os/o« os/m APITMWUO6E 032 23/03 06/0* "~n704~ 11/04 11/04 11/04 11/04 11/04 itW 12/04 AftSAMOHYX QUI 30/03 13/04 11/04 11/04 11/04 18/04 11/04
      1,121 words
    • 1701 31 ®HANJIN SHIPPING !|T|F 1 U -Mb BHI HAMJIW SHIPPING (S) PTt LTD K»://— cm tOOtIHC ********** SAUS *****14 231 POtUMBIT 2370T71 ?74 OPBUJIOIK *****50-7S) MAW IHIt *****55 M *****40 3HO I IMXUM TO NW USA A CANADA USA fAHIW j "wvs7wf MM W IMHAUI/VOT su DO, POI Qi MSP I
      1,701 words
    • 202 31 ACCEPTING LCL CARGOES TO JAPAN, CHINA, KOREA AND HONG KONG FOR ENQUIRIES, PLEASE CALL 220 8558 CONSOLIDATION, WAREHOUSING, TRANSPORTATION, HOUSEHOLD REMOVAL AND CAR TRANSPORTER LCL CONSOLIDATION SERVICE An aftlliatt ol Mitsui OSK Linus/Hal Sun Hup Group r— ---7Csspsr Expnm LufttOcs Ptu LU P e ?T u 4 AT T9S JSIt
      202 words

  • Page 32 Advertisements
    • 1400 32 DSR-SENATOR LINES TO UK/CONTINENT TOMECTITORANEANCANADA «wa wt mm La iw mi nw mv (u vtssa wr TaT mt tn m> wx htb POMANG S£NATOfI KIIW (7 83 MO3 Mil V«3 KB HI) 30 83 PACIFIC KNATOft OMIW MB SB 2> (3 3D S3 0104 MM TMdcrmwmr was* 100 rm dm
      1,400 words
    • 737 32 AO MAC-NELS S'PORE M'SIA I Carrier: MM COUTH UNO, MC P.ouoAitt^awTa# HV/VhJ cwiio,iseomewei «BU:(om)manbato ****** W PENANG: (04)*****36 BANGKOK: (662) *****67 SURABAYA: (31) *****11 P. KELANG: (03) *****77 JKT (21) *****46 KUCHIO (062) *****1-3 MOJI MANILA MV "WAN HAI 213" V. NOB 4 MV "PIYA BHUM" V. 156E ETA SIN:
      737 words
    • 610 32 EXPRESS CONTAINER FEEDER FOR N.SHEVA/COLOMBO Vnstl t POK N. SHEVA COLOMBO P KLANG TULSIDAS V 121 00 MM 14 MM It MM 28 MM CAPf CREUS V.IS3W 12 MM 21 MM 20 MM 01 APR CAPE CANAVERAL V 120W 11 MM 21 MM KM M APR TULSIDAS V 122 28
      610 words

  • Page 33 Advertisements
    • 1835 33 VESSEL VOV I KHH HKQ SIN I PKQ I DXB PMM I I* I BIK IRAN TAOATABAEI PCL-144 01/03 03/03 07/03 08/03 18/03 18/03 21/03 23/03 IRAN BATTARI PCL-148 08/03 10/03 14/03 18/03 28/03 28/03 28/03 30/03 IRAN BAAKERI PCL-148 18/03 17/03 21/03 22/03 01/04 02/04 04/04 08/04 IRAN HEBABI
      1,835 words
    • 1170 33 1 TO MUUUt, UMOf, TUU t I AItIJAII fUI fmoA I GCNERAL AGENTS IN SINGAPORE: SO ROMNSON RD TIL 226 1900 FAX: *****01 OUTWARD (l/l) COSTAR SHIPPING PTI LTD #12-00 sales/kkgs 420$iS7/43 inward dept (o/oj *****85 COSTAR AMNCIIS (M) SDN BHD N(hJJ7S7I9OOOOM SINGAPORE 06IMI COWVIMTKttAI *****01/>SO T/SNPIT DEPT *****25 TIL
      1,170 words
    • 640 33 IUROPt EXPRESS SERVICE EXPORT I IMPORT ACdfTMC CUOWI TO 1 to* I) WW HfMBUVBi BOKON. H PTTBSIUK *U MAS 2) AffTWßf VU tTB TffAMWVCffK' mtVttl EXPORT -raNKSHiwawe/n am NUT/sai MB a/B IMPORT msa vor ■sm in on nvfiwf vcsa "vot E5 Hom T~si I ttHMun 6ffl~7i7Bno 03 ow wcowm usw
      640 words

  • Page 34 Advertisements
    • 1291 34 ——tWSSW BNMMMN4NNNBMMMMMM SGP ROM ANW HB6 THP ZEE LHV IMV THP ROM ANW MM PKL 06P I E. DELUXE RW-014 11/ TO 30/03 05/04 01/04 03/04 04/04 K/04 E REACH RE-C27 17/R2 IM2 10/02 21MB 2MB 12*3 11*1 E. DIVINE RW-008 11/01 00/04 12/07 00*4 10/04 11*4 12*4 E. REPUTE
      1,291 words
    • 853 34 Jt= ADVANCE CONTAINER LINES (PTE) LTD AA 1.1 TEL; *****21, FAX *****1 TELEX :R8 ***** ACLPL FOR BOOKINGS PtIAM CALLi *****23 SALIS A MAJtKETINO s *****31-23 OPERATIONS: *****KV *****06 CR NO. IK3W4OOOOE i —ji—a. <*«*»**• (■■w.i.l visa vgr sn hoc vtsai vor sm act WDTARATNAfPAT/IQ-0 BNA2OI 7/3 Tut 10/3 Fri
      853 words
    • 375 34 SO TELOK OLAMGAH ROAD M2-S2 CtTVORT CBfTIK tTOK MM TEL *****11 (6 Ihws) FAX: *****06 TLX: RS ***** CR NO. **********0W una <oi eb etd oebumbn ummi wt— itn— Mtunmnmnmmm SEASPACE SHIPPING (S) PTE LTD 133 New Bridge Reed #09-06 wnmnown votrw Tel: *****78 FAX: *****60 LNS EXPRESS (S) PTE
      375 words

  • Page 35 Advertisements
    • 381 35 i BSA il M MYANMA \HBk FIVE STAR LINE wT (My«Mor National Llm) loading for Yangon (Rangoon) vtssa voy sim pri pen pgu HP*-** 247W SU SAGAM6 MW n/03 MALAYSIA AGENTS: OOUSTEAO SMPfWG AGENCIES KUL m (03)2417)00 PU: TH (03)376*101 nt m (04)2****** PGU: TH (07)*****21/4 BANK LINE (A Mfvk*
      381 words
    • 1163 35 HYUNDAI MERCHANT MARINE CO., LTD. IVBSa VOT Ml I SOU I RTB ANT HAB I MV I [Vtssa ¥OY|SOU|IBI|RTB|*in|HAB|BnHFRISBII HYOUS rm 07/03 22/03 23/03 25/03 21/03 NOKDMI 01X19/02 20/02 14/02 14/02 09/03 B* SS9W 09/03 27/03 01/04 29/03 30/03 KY ADMIRAL 3241 14/02 19/02 l*/02 17/02 09/03 LALORf S33W 10/03
      1,163 words
    • 587 35 vtf/v WALLENIUS WILHELMSEN TO NORTH AND LATIN AMERICA "CM RORO HEAVYUFT SERVICE" fvissa VOY I RAMP HEIGHT !M| IK |IKAO MIA SAV OAL Off I NYC |KW OMO WSST~ AHOOA 4001«. 6JM "TOT Wm "JT7wT WoT Wm" 5575T "S7ST W7ST ®75T" TAMKKI AHOO7 4001 m UM 29/03 24/04 04/05 07/05
      587 words

  • Page 36 Advertisements
    • 771 36 VESSEL i VOY SIN BKK MTP LCH VESSEL VOY SIN JKT PJN ULABHUM 147W In Pt I(VQ3 10/03 55XbHUM taTpt 12/03 1 CHAMA BHUM** 1 112N In Pt 11/03 7=T bhum" 4<WH O§!B2__WB z_i£22_ Hi YANTRABHUM 338W WO3 12/03 11/03 J§£2 12/03 MATHUBHUM 467N 11/03 15/03 141)3 PEJA BHUM *****
      771 words
    • 333 36 INDONESIA NATIONAL LINE TO AUSTRALIA I WJLLCOKPUNERtCTVICg va _wr m at w m m m m w tfiNorr m ii/nw/w »/w */b n/u whuu lis" n/nn/v ji/bm/nn/h u/*~ uamt "m a/nn/tt IMM— m B/NN/J4 H/U 14/ M 14/ M 11/14 FEEDER SERVICE TO INDONESIA W WT aW JMUMTB MMiMt ra
      333 words
    • 678 36 Ivcaaajg voy flw pkl I jb 1 mu 1 ia I riw I ham 1 zg I bot 1 06 TAURUS A36W 07/03 0003 17AM 21AX3 2M3 28AB 2*03 31/03 ~oi/04 VILEP'AQUARKJB U39H Mg IVO3 gW 3QQ3 Qjj> Q&Q4 07/04 OOQ4 yiXEDCAWTAfIES LS9H 2\KB 2203 31A» Q4W OPQ4 11AM 13Q*
      678 words



  • Page 39 Advertisements
    • 65 39 "(StTx KYOWA LINE STL CONTAINER LINE Direct Breakbulk/Container/LCL For Services To M l !H! >ic to /c Vietnam Calcutta H^ibre.»n^ip». Agents: V-Grow Shipping Pte Ltd Mon/Wed/Fri Pg 6 See Page 7 Daily STANDARD SHIPPING Wallenius AGENCIES PTE LTD Wfilhelmsen Offers Weekly FCL/LCL New Europe To cACT MAI AYCIA MIDDLE EAST/
      65 words

  • Page 40 Miscellaneous
    • 130 40 i A §SL FOR 7 AM 7 MAR 2000 100Xm&m LEGEND: B^ut--^ Servlce^n^ipoT^ R Thunderstorm m Rain Temperature Wjnd direction and speed in knots Cloudy Day Woa,her U Wind speed symbols Sea Cond.tions O Full circle w/o line indicates calm or light and variable winds Slight, < 1.2 m -«—-One
      130 words

  • Page 41 Advertisements
    • 28 41 Wake-up call for management, Page 2 TASTE THE SWEET REWARD OF 3,000 BONUS ASIA MILES WHEN YOU JOIN NOW. AND FLY TO HONG KONG FOR ONLY $688. A
      28 words
    • 145 41 INFORMAL RATE AGREEMENT (IRA) SINGAPORE TO MIDDLE EAST TRADE RATE RESTORATION ON 1 APRIL 2000 Arising from a reccnt review, the Member Lines of the Informal Rate Agreement (IRA) have agreed to implement a Rate Restoration with effect from I April 2000. Member Lines will restore freight rates by USDIOO/200
      145 words

  • Page 42 Advertisements
    • 710 42 OMAN TERMINAL TOWAGE COMPANY SAOC WIJSMULLER INTERNATIONAL TOWAGE BV H M.T. I I I I -Vi.w Mp* I ii' I I .1 I w I I H I m I «kj I tftaj I B_ijJ i I i ililiKSfl^H HH ■iftaA J iilliHflPllMH^^^ H" IP «i fl' jfl fl^fl I
      710 words